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Despite the risk of a cold market by the end of the year, emerging market investors will not be dissatisfied with the status quo.
Launch of a new vaccination program against coronavirus in some countries, increase in commodity prices,There is a strong tailwind justifying aggressive buying of emerging market assets, such as the prospect of breaking the stalemate in the US economic measures talks, and emerging market stocks, currencies and bonds have risen by fifth consecutive week weekly. According to the International Finance Association (IIF), inflows to emerging markets reached a monthly record in November.
Malcolm Dawson (based in New York) of Future Asset Global Investments said: “The dollar is expected to continue to decline due to low interest rates, increasing observations of economic measures and recovery in quality as the price progresses. development of the new corona vaccine. And that should be a factor that drives share prices. “
However, as in the past, the risks are never far away. Traders are infected with the new crown.In addition to continuing to expand, we will continue to watch for signs that the global economic recovery will slow as many emerging countries have less ammunition to mitigate the impact of further shocks. The Goldman Sachs Group is more positive about the 2021 outlook for high-interest currencies like the South African rand, the Mexican peso and the Indian rupee, but there is room for strategic gains in emerging markets. He said it could be deleted.
However, according to the Citi Group, investor interest is expected to continue as there is growing confidence that emerging markets will continue to rise in 2009. South Africa’s total national production (GDP) announced on the 8th may indicate that the The country escaped the longest recession in some 30 years in July-September (third quarter). The central banks of Brazil, Chile, Peru and Ukraine are expected to decide to keep official rates unchanged this week.
Original title:The outlook for emerging markets is bright, even if the risks are never far away （抜 粋）
